The Top Five Myths About FICO Scores
November 7th, 2011
We’re all aware of the importance of having great credit scores, but sometimes figuring out how to get that stellar credit score is like cracking the code to the secret sauce at your favorite burger joint.
The result is that over the years, dozens of credit scoring myths and misunderstandings have popped up as people have attempted to get their financial lives in order. Here are my top five in descending order. More »
Posted By: Jeff Greatorex | Comments (0)Why Credit Counseling Won’t Hurt Your Credit Scores
September 23rd, 2011
It’s a common misconception that entering a credit counseling program will ruin your credit scores. Unfortunately, this misunderstanding scares thousands of consumers away from a service they could really benefit from using before their credit problems get out of control.
It’s easy understand why a lot people believe this credit myth, since it makes sense that meeting with a counselor indicates you might be experiencing difficulty with your credit and need guidance. If I were lending you money, like a credit card company does, that would worry me too. More »
Posted By: Joshua Heckathorn | Comments (0)The Side Effects of Bad Credit
September 13th, 2011
It’s a question we hear all the time from credit card users, especially in the younger demographic: “So what if I have bad credit? I don’t have anything I need to go into debt for anyway.”
This is a very risky line of thinking. While young consumers (particularly students) may not be thinking about their credit at this stage in their life, they’re just around the corner from having it be an all-encompassing aspect of their adult lives. More »
Posted By: Welles Wiley | Comments (0)What is the Future of Credit?
July 27th, 2011
Who doesn’t love the Jetsons? They had just about every far-flung technological idea imaginable, including hovercrafts, personal robot slaves and cities in the sky…but they didn’t have 0% interest credit cards. Even the Jetsons were still using cash in 2062!
We may not have reached the Jetson’s level of space-age sophistication quite yet, but we’ve certainly got them beat in the payments department. So what kind of technological advancements will the next 50 years bring us in credit, credit cards, and credit scoring techniques? More »
Posted By: Nathan Nead | Comments (0)The Murky Underworld of Blackout Dates
January 27th, 2011
Close your eyes and imagine your boyfriend is taking you on a romantic date for your birthday. Admittedly, your boyfriend is kind of a scrub, and rarely pays for your meals, but this is an extraordinary day that you’ve waited all year for, so you’re expecting him to pick up the tab this time around. You lift the menu from the elegant white tablecloth and begin perusing the decadent options. You’ve been thinking about getting a world-class steak all day, and the peppercorn filet mignon with garlic mashed potatoes gets your mouth watering. More »
Posted By: Welles Wiley | Comments (0)
